Maldives

Inclusive Growth through Better Governance and Partnerships

Growth in the Asia and Pacific region is strong, but growth alone is not enough for the region to succeed in an era of global change, ADB's President said in his annual address to the Board of Governors. Read More

Governors' Seminar: How Can Asia Respond to the Global Economic Crisis

A global slowdown can have spillover effects on Asia's economies. How can the region rebalance, diversify and ensure everyone benefits from the boom? Read More

ADB Secures $12.4 Billion for Asian Development Fund

The funds will help improve the lives of millions of Asia's poorest through inclusive, sustainable growth. Read More

Developing Asia Growth Subdued but Steady - ADB Report

Weak global demand will weigh on developing Asia in 2012, but growth rates in most economies remain robust and should rise in 2013, says the Asian Development Outlook 2012 report. Read More

Overview

Maldives'economy grew fast in 2011 owing to continued strong growth in mainly Asia-sourced tourism, but the country still grapples with hefty fiscal and external imbalances.

The government's policy envisages development partners specializing in providing assistance to certain sectors or thematic areas to reduce duplication and overlap, and to minimize aid transaction costs. ADB will focus on capacity building in public sector financial management, and support for transport, power, and small- and medium-sized enterprises.